State-run NMDC has sought a partner to develop a captive power project for its upcoming steel plant in Chhattisgarh. The company has appointed PFC Consulting for selecting the partner, which will meet the needs of the state-run iron-ore miner’s plant in Chhattisgarh.
The company has a mining capacity of around 30 million tonnes per annum. It is spending over Rs 3,000 crore for its upcoming 3 million tonnes per annum capacity steel plant at Nagarnar in Chhattisgarh. The company’s existing mines at nearby Bailadila will provide the iron ore to the plant, while the coking coal is planned to be imported. This plant is likely to be commissioned by 2014.
PFC Consulting, a wholly-owned subsidiary of Power Finance Corp, was formed in 2008 with the aim of providing consultancy services in the power sector and related areas.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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